Wednesday, February 14th., 2018 John Williams – US Deficit Is Beyond Control

Wednesday, February 14th., 2018

                John Williams – US Deficit Is Beyond Control

https://youtu.be/CNfICcsJeFw

Greg Hunter

Δημοσιεύτηκε στις 13 Φεβ 2018

Are the Trump tax cuts going to help the economy or hurt it? The answer is both. Economist John Williams explains, “The tax cuts are generally positive. Anytime you cut taxes that is generally a plus for the economy. The problem is the average guy is still not making ends meet. Anything that
increases disposable income is a plus. This does not necessarily go to the guys at the lower end of the income scale, but generally there should be a little economic pick up here from it. The problem is what happens to the budget deficit. We just went through the government shutdown and a package that lays things out for the next two years, but it widens the deficit. The deficit is beyond control. We have $100 trillion in unfunded liabilities. That means you need $100 trillion in hand right now to cover the federal obligations going forward. . . . Printing money to meet obligations is what happened in the Weimar Republic in Germany. This happened in Zimbabwe. This kind of thing eventually gives you a hyperinflation. . . . Ongoing budget deficit and debasing of the dollar will give you global selling pressures in the currency markets. . . . We haven’t seen much selling in the dollar, but that is going to change. You are going to see flight from the dollar and flight from the markets as well.” Join Greg Hunter as he goes One-on-One with economist John Williams, founder of ShadowStats.com. Donations: https://usawatchdog.com/donations/ Stay in Contact with USAWatchdog.com: https://usawatchdog.com/join/ All links can be found on USAWatchdog.com: https://usawatchdog.com/fed-triggered...